§ 15-07-01 Definitions
§ 15-07-02 Rules and regulations for sale of nongrant lands – Powers of board
§ 15-07-03 Sale of nongrant lands authorized
§ 15-07-04 Sale requirements
§ 15-07-07 Conveyance to purchaser upon payment in full of purchase price
§ 15-07-07.1 Former conveyances confirmed
§ 15-07-10 Mortgagor has right to repurchase
§ 15-07-20 Leasing of nongrant lands
§ 15-07-21 Cancellation of leases of nongrant lands
§ 15-07-22 Appropriation for expenses – Continuing appropriation

Terms Used In North Dakota Code > Chapter 15-07 - Sale and Lease of Nongrant Lands

  • Appraisal: A determination of property value.
  • Contract: A legal written agreement that becomes binding when signed.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Fiduciary: A trustee, executor, or administrator.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • seal: includes an impression of such seal upon the paper alone as well as upon wax or a wafer affixed thereto. See North Dakota Code 1-01-38
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49